FYI: After growing steadily for nearly two decades, the number of open-end mutual funds has shrunk in recent years. Fund companies are launching fewer funds than usual but folding them faster than before, explaining the contraction. This is a welcome development insofar as it should gradually cull smaller, pricier funds from the industry, leaving investors with a less-daunting, cheaper set of funds to choose from.
Regards,
Ted
https://www.morningstar.com/articles/887833/the-mutual-fund-industry-is-shrinking-and-thats-ok.html
